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    5101 Monument Ave Richmond, VA 23230

    For Lease
    $20 SF/Yr ($4,080 /Mo)

    Recently renovated office space in a historic building.

    Property size:
    2,448 SF
    Lot size:
    2.18 Acres

    Property Features for 5101 Monument Ave

    General Information

    Size
    2,448 SF
    Lot size
    2.18 Acres

    Source: Commonwealth Commercial Agent Jamie Galanti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monument Avenue Historic Office Space

    Located at the intersection of Monument Avenue and Willow Lawn, this historic building offers office space for rent. The interior has been recently renovated. The property benefits from numerous nearby amenities at Willow Lawn, including Cava, Starbucks, Chopt Salad Co, and Panera Bread. The property size is 2448 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Virginia Restaurant, Lodging ... Association / Organization Shepherd's Center of Richmond Volunteer Organization ProspectBlue Employment Agency Central Virginia IREM ... Association Or Organization InUnison Association / Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5015927
    Latitude
    37.5780818

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    FAQs

    What type of property is this?
    Office space - Recently renovated office space in a historic building.
    Where is this office space located?
    The property is located at 5101 Monument Ave Richmond, VA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Historic building at Monument Avenue and Willow Lawn intersection.; - Recently renovated interior.; - Numerous nearby amenities at Willow Lawn.
    (804) 346-4966
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    Richmond, VA 23230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5101 Monument Ave Richmond, VA 23230
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